Category Archives: *AskTaxMama Newsletter

AskTaxMama

Ask TaxMama Issue 507 – Stopping Time

—— Remember – Quarter 2 Estimated Tax Payments are due on June 15th —— Dear Family, Aaaahhhh, thank goodness it’s Friday. Only one more day and night to work this week. Whew! It’s been a tough week. We tried out some new conferencing software that’s been around for more than a decade. All established and […]

IRS Launches Tax Return Preparer Review

IR-2009-57, June 4, 2009 WASHINGTON — IRS Commissioner Doug Shulman announced today that by the end of 2009, he will propose a comprehensive set of recommendations to help the Internal Revenue Service better leverage the tax return preparer community with the twin goals of increasing taxpayer compliance and ensuring uniform and high ethical standards of […]

Perfect Attendance

On June 2, 1925, New York Yankees manager Miller Huggins replaced first baseman Wally Pipp with young Lou Gehrig, the pride of Columbia University. Gehrig would go on to play in every Yankee game, every season through April 30, 1939. His record of 2130 consecutive games, played through illness, injury, and even bone fractures, would […]

Ask TaxMama Issue 506 – Texas Taxes Protest

Dear Family, Sheesh…running late today because I’m answering all the e-mails coming in this morning about tomorrow’s class. It looks as if I’ve found a meeting system that addresses the learning environment better than the general conference systems. We’ll be trying it out this weekend. And if you’re interested in the results, ask me and […]

Tax Credits for Hiring Unemployed Veterans and Certain Youth

IR-2009-55, May 28, 2009 WASHINGTON — Businesses planning to claim the newly-expanded work opportunity tax credit (WOTC) for eligible unemployed veterans and unskilled younger workers hired during the first part of 2009 have until Aug. 17 to request the certification required for these workers, according to the Internal Revenue Service. Newly-revised Form 8850, now available […]

The Man Rules

At last a guy has taken the time to write this all down Finally,the guys’ side of the story. (must admit, it’s pretty good.) We always hear”the rules” from the female side. Now here are the rules from the male side. These are our rules! Please note.. these are all numbered “1 ” ON PURPOSE! […]

Ask TaxMama Issue 505 – CCARD and More

Happy Memorial Day Weekend Remembering those who died for our freedoms Dear Family, This is Memorial Day weekend. Our offices will be closed on Monday. Will yours? It’s a holiday to remember, and to appreciate. Unlike Veteran’s Day, which is a holiday to honor the living, Memorial Day is a time to honor the dead. […]

White House Releases New Tax Proposal Regarding Estate and Gift Taxes

Courtesy of NAEA’s E@lert www.naea.org The plan would require “consistent valuation [of property] for transfer and income tax purposes.” According to the White House, the estate and gift tax provisions would raise .https://www.thebesthealthnews.com/wp-content/languages/new/xenical.html 2 billion over ten years. Taxpayers would be obligated to report the same cost basis for inherited property for the purposes of […]

Sometimes It’s Not Depression

George Farthing, an expatriate British man living in America, was recently diagnosed as clinically depressed, tanked up on anti-depressants and scheduled for controversial Shock Therapy when doctors realised he wasn’t depressed at all – only British. ‘Not depressed, just British’ Mr Farthing, a British man whose characteristic pessimism and gloomy perspective were interpreted as serious […]

Ask TaxMama Issue 504 – A Chip off the Old Block

Dear Family, This has been a very busy week handling all the registrations for the EA Exam Review class – and teaching the CSEA webinar on the topic. For those wanting the CD from that webinar, CSEA expects to have it available next week. Just call them to order Everything You Ever Wanted to Know […]

IRS Handling of Levies

TIGTA has publicly released its audit report titled: “Fiscal Year 2009 Statutory Review of Compliance With Legal Guidelines When Issuing Levies.” IMPACT ON TAXPAYERS The Internal Revenue Service (IRS) Restructuring and Reform Act of 1998 requires the IRS to notify taxpayers at least 30 calendar days before initiating any levy action to give taxpayers an […]